Santelli: We Are Living 'Atlas Shrugged,' Those With Intellectual Property Are "Fed Up"; "Where Is John Galt?"

CNBC's Rick Santelli declared today we are now living in an Atlas Shrugged world in commentary he gave on the financial network this morning. Santelli, a commentator on commodities, energy and futures said people with intellectual property and "those that made the trains run on time" are getting "fed up."

"What was the point of the book? The point of the book was, those that made the trains run on time. Those that had the big patents. Those that had the intellectual property. They got fed up. They couldn't do their job. And the government forced certain businesses to buy inferior products from other businesses. Any of this sound familiar? Think Apple, think the FBI," Santelli said.

"We are living Atlas Shrugged," Santelli said Monday on CNBC. "Why is it so important? Because I would hate for the country to have that rhetorical question, where is John Galt, who is John Galt? John Galt is all of us."

Santelli suggested shutting down Wall Street and energy companies for a day and see how people like it.

"Maybe we should shut Wall Street down for 24 hours, see how everybody who blames Wall Street for everything likes that. Maybe we should shut energy down for 24 hours, see how people like that. Because in the end, these are great industries and they are run well. Can you imagine if our energy companies were run like third-world companies with all the corruption?" Santelli said.

Transcript:

RICK SANTELLI: You know what that big number was? It was 1957. It's not the year I was born. I'm a little older than that. I wish it was the year I was born. It was the year one of my favorite books was written, Atlas Shrugged. Ayn Rand. Originally it was supposed to be called "The Strike," but her husband talked her out of it.

The reason I bring it up today, I look at the world, there are so many issues, so many issues. Don't just take regulation and energy and fracking. It's all in Atlas Shrugged," all of it. State of Colorado, Rearden Metal, how he made it with some magic kinetic energy.

But, what was the point of the book? The point of the book was, those that made the trains run on time. Those that had the big patents. Those that had the intellectual property. They got fed up. They couldn't do their job. And the government forced certain businesses to buy inferior products from other businesses. Any of this sound familiar? Think Apple, think the FBI. We are living Atlas Shrugged. Why is it so important? Because I would hate for the country to have that rhetorical question, where is John Galt, who is John Galt? John Galt is all of us.

We need to understand that in the end, if we're going to make a positive difference in the future, we can't have election cycles where one side, the middle and the right side, they talk trash. And I don't mean they're talking trash in the form of what they want people to do, how they want people to act. I'm talking about whether it's entitlements, whether it's fracking, whether it's energy. You know what, all the banks and Wall Streeters that get this big bulls-eye in their back, read Atlas Shrugged. You know why? Because maybe Ayn Rand had a good idea.

Maybe we should shut Wall Street down for 24 hours, see how everybody who blames Wall Street for everything likes that. Maybe we should shut energy down for 24 hours, see how people like that. Because in the end, these are great industries and they are run well. Can you imagine if our energy companies were run like third-world companies with all the corruption? Let them have their 10% return on capital. Small price to pay. Lights go on every time I hit the switch. Gang, back to you.